Categories AlphaGraphs, Consumer, Earnings

Chipotle Mexican Grill serves better-than-expected results in Q2

Chipotle Mexican Grill, Inc. (NYSE: CMG) on Tuesday reported second-quarter earnings of $3.99 per share, which surpassed average analysts’ estimate of $3.76 per share.

Revenues improved 13.2% to $1.43 billion, which was above the street consensus of $1.41 billion. The revenue growth was spurred by a 10% increase in comp sales as well as menu price increase.

Digital sales doubled and accounted for 18.2% of sales for the quarter.

chipotel mexican grill reported better than expected first quarters and forecast

CMG stock gained 4% during after-market trading following the announcement. The stock has gained 70% so far this year and so much in the past twelve months, all along outperforming the industry.

During the quarter, Chipotle said it opened 20 new stores and closed one, bringing the total restaurant count to 2,523.

READ: McDonald’s Earnings Preview: Watch out for Velocity Growth Plan updates

Guidance

For 2019, the company currently anticipates high single-digit comparable restaurant sales growth, up from the prior projection of mid to high single-digit range. Chipotle also plans to open 140 to 155 new restaurants during this period.

The restaurant chain has been thriving on the success of its digital transformation and the positive response to new menu offerings. The share of online sales increased steadily in recent years – digital sales more than doubled annually in the first quarter.

Rival fast-food chain McDonald’s is scheduled to publish financial results on July 26, while Yum! Brands will be releasing second-quarter earnings on August 1.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top